31, HOLMES WAY, WRAGBY, MARKET RASEN, LN8 5PS - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 HOLMES WAY is a small detached house of 81m², built sometime between 2003 and 2006, which could now be worth an estimated £256,936. It was last sold for £260,000 in December 2022, which was around 10% below the average December 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

31 HOLMES WAY Sold Prices

Land registry data shows three sales for 31 HOLMES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 31 HOLMES WAY sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 21 DEC	£260,000	£288,289	10% below HPI
2020 5 AUG	£230,000	£222,944	3% above HPI
2004 1 SEP	£161,500	£165,938	3% below HPI

31 HOLMES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 31 HOLMES WAY sales between September 2004 and December 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2020 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 31 HOLMES WAY be worth now?

31 HOLMES WAY might now be worth an estimated £256,936.

This is based on house price deflation of 1.2%, between December 2022 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% deflationary decrease is applied to the most recent sale price for 31 HOLMES WAY of £260,000 on 21st December 2022. For the value to have decreased from £260,000 to £256,936 over the two years to December 2024, the following assumptions must hold true:

• The value of 31 HOLMES WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 31 HOLMES WAY has not materially changed since December 2022.

How Large is 31 HOLMES WAY?

31 HOLMES WAY is 81m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wragby, and where 31 HOLMES WAY lies on this distribution: 32% of detached houses houses are smaller than 31 HOLMES WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Wragby.

31 HOLMES WAY: Plot and Title Map

31 HOLMES WAY sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 31 HOLMES WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 31 HOLMES WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 31 HOLMES WAY?

31 HOLMES WAY is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 31 on HOLMES WAY.